Sixfold secures $15m for GenAI-driven insurance underwriting tech [Yahoo! Finance]
Axis Capital Holdings Limited (AXS)
Last axis capital holdings limited earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
The funding round was led by Salesforce Ventures and supported by Scale Venture Partners, along with existing investors including Bessemer Venture Partners and Crystal Venture Partners. Sixfold plans to use the funding to bolster its AI and ML engineering team, product capabilities, and research and development initiatives. The investment will also facilitate Sixfold's expansion into the UK and EU markets. Sixfold, under the leadership of co-founder Alex Schmelkin, claims that it is the first GenAI solution designed specifically for insurance underwriting. The company collaborates with insurers to train AI underwriting models tailored to their business portfolio. Within one year of its establishment, Sixfold has garnered a client base that includes insurers such as AXIS Capital, Zurich Insurance Group, Generali Global Corporate & Commercial and Mosaic Insurance. The start-up's growth also includes a broadened partner network featuring companies such as EXL. Sixfold said
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News
- Here's Why You Should Stay Invested in AXIS Capital (AXS) [Yahoo! Finance]Yahoo! Finance
- AXIS Capital Holdings Limited (NYSE: AXS) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $86.00 price target on the stock.MarketBeat
- AXIS Capital Holdings (NYSE:AXS) Has Announced A Dividend Of $0.44 [Yahoo! Finance]Yahoo! Finance
- AXIS Report: How Risks Including Climate Change, Economic Uncertainty, and Investor Hesitancy Around Tech Innovation are Impacting the Energy Transition [Yahoo! Finance]Yahoo! Finance
- AXIS Report: How Risks Including Climate Change, Economic Uncertainty, and Investor Hesitancy Around Tech Innovation are Impacting the Energy TransitionBusiness Wire
AXS
Earnings
- 5/1/24 - Beat
AXS
Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/3/24 - Form 144
- AXS's page on the SEC website